Net Interest β’ 10 implied HN points β’ 20 Dec 24
- A restaurant payment system started when Frank McNamara created the Diners Club after running out of cash in a restaurant. This invention allowed people to pay by card instead of cash.
- Today, companies like Toast and Edenred are leading the market by providing technology and meal voucher services to restaurants. They are crucial in shaping how payments are made in dining establishments.
- Despite the rise of technology, many diners still prefer using cash for their meals, showing that tradition still plays a role in the way we pay.